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XLMedia - Possible buyer for Finnish casino assets

July 2020

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

  • Epic Code:
  • XLM
  • Price:
  • 29p
Whilst sports betting has been curtailed due to the dearth of sports events during lockdown, gamblers have been turning to other ways to get their fix - including casino games - which seems to have started a revival in the sector. So much so that XLMedia seems to have found a buyer for the majority of its Finnish-facing Casino assets (an unregulated market).A sale would leave XLMedia with a range of publishing assets plus US$29m net cash (13p a share), which has possibly increased given the improved trading for casinos. Meanwhile, it seems to have seen the light and XLMedia now states it has “identified North America as a core target market” and sports betting and finance within it as having good opportunities. This is ...

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With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

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